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Deutsche Bank’s Jean Manas is launching a boutique investment bank, Foros Group
By Robert J. Steiner for CEOWORLD Magazine Updated:October 5, 2009
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Jean Manas, former head of mergers and acquisitions in the Americas for Deutsche Bank (NYSE:DB) , is launching a boutique investment bank, Foros Group.
Mr. Manas, a long-time deal maker in the media, telecomm and technology space, has hired eight bankers, most with similar industry experience. Foros already worked on a deal this summer, advising Virgin Mobile USA on its sale to Sprint Nextel.
A number of bankers have fled the big banks this year for smaller boutique firms — for reasons ranging from the hope of larger pay days outside TARP restrictions to less pressure to push a commercial lenders various products, wsj reported.
Boutique investment bank is normally a small firm providing services of investment banking. It usually provides limited services such as bond trading, assisting in technical analysis and program trading, providing valuable advices for mergers, acquisitions and buyouts etc. They also offer research aimed at investment banking and asset and wealth management. Previously such services were confined to large investment bankers only.
Over the past several years, Manas has advised a diverse group of industry leaders, including Accenture, Computer Associates, Comverse Technology, Hewlett Packard, Lenovo, ntl, Penn National Gaming, SCI Systems, and UNUMProvident, on significant strategic transactions and associated financings.
Manas earned a B.A. from Princeton University and a J.D. from Harvard Law School.
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